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3184.TWO$22.80-3.37%
Fair $22.80+0.0%

3184.TWO

MicroBase Technology Corp.

Technology / Electronic ComponentsTaipei Exchange

$22.80

-0.75 (-3.37%)

Fairly Valued+0.0%Fair Value $22.80Fund rank 30/100 · Data gapFallback financials|
SA 59/C
F-Score: 4/9
Low Profitability

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 33% · confianza 21%

FCF escenarios

weak_data · normalized FCF $22.6M · quality 52.0/100

Data gap 30/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 29/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

59/100

C

Piotroski

4/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 1unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. ROE is 4.6%, below the 5% threshold
Thesis & Journal · 3184.TWOLocal privado en este navegador · MicroBase Technology Corp.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$1.4B

P/E

47.5x

↑

EV/EBITDA

27.9x

↑

ROE

4.6%

↓

Gross Margin

53.3%

↑

Debt/Equity

0.00

↓
52-Week Range$23
$8$36

TradingView lightweight chart

3184.TWO price, volumen y niveles de valoración

Último $21.50Periodo -71.4%
Fair value: $22.80

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+5.1%

FCF CAGR

+1.8%

FCF margin

10.7%

FCF / Net income

0.75x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $211.7M · net income $30.1M · FCF $22.6M

2022-FY → 2025-FY

Gross margin

53.3%+19.8% pts

Operating margin

21.7%+29.2% pts

Net margin

14.2%+10.8% pts

FCF margin

10.7%-1.1% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$211.7M$211.7M$214.8M$194.8M$182.3M
Net Income$30.1M$30.1M$69.4M$38.1M$6.4M
EBITDA$43.6M$43.6M$83.6M$46.9M$27.3M
EPS——1.100.610.10
Gross Margin53.3%53.3%56.0%48.2%33.5%
Operating Margin21.7%21.7%24.8%11.1%-7.5%
Net Margin14.2%14.2%32.3%19.6%3.5%
Balance Sheet
Debt/Equity0.000.000.030.040.16
Current Ratio13.5613.56———
Cash Flow
Free Cash Flow$22.6M$22.6M$65.8M$-37.2M$21.4M
Returns
ROE4.6%4.6%11.1%6.8%1.2%
Valuation
P/E47.5047.5014.9826.98136.25
EV/EBITDA27.9227.9210.3519.8428.11
P/B2.182.181.661.861.69
Growth & Yield
Revenue Growth-1.4%-1.4%10.3%6.8%—
EPS Growth——80.1%500.0%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +68.1%

Total return

+68.1%

Start / end P/E

n/dx → n/dx

EPS bridge

1.10 → n/d

Residual

+68.1%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term+68.1%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.